To the tune of American Pie

    0
    130

    A long, long week ago

    I can still remember how the market used to make me smile

    What I’d do when I had the chance

    Is get myself a cash advance

    And add another tech stock to the pile.

    But Alan Greenspan made me shiver

    With every speech that he delivered

    Bad news on the rate front

    Still I’d take one more punt

    I can’t remember if I cried

    When I heard about the CPI

    I lost my fortune and my pride

    The day the NASDAQ died

    So bye-bye to my piece of the pie

    Now I’m getting calls for margin

    Because my cash account’s dry

    It’s just two weeks from a new all-time high

    And now we’re right back where we were in July

    We’re right back where we were in July

    Did you buy stocks you never heard of?

    QCOM at 150 or above?

    ‘Cos George Gilder told you so

    Now do you believe in Home Depot?

    Can Wal-Mart save your portfolio?

    And can you teach me what’s a P/E ratio?

    Well, I know that you were leveraged too

    So you can’t just take a long-term view

    Your broker shut you down

    No more margin could be found

    I never worried on the whole way up

    Buying dot com’s from the back of a pickup truck

    But Friday I ran out of luck

    It was the day the NAAAASDAQ died

    I started singing

    Bye-bye to my piece of the pie

    Now I’m getting calls for margin

    Because my cash account’s dry

    It’s just two weeks from a new all-time high

    And now we’re right back where we were in July

    Yeah we’re right back where we were in July

    Tom Fakehany